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Porwal Auto Components Limited IPO (Porwal Auto IPO) Detail

December 17, 2007 - December 20, 2007

Porwal Auto IPO is a book built issue of Rs 37.50 crores.

Porwal Auto IPO bidding started from December 17, 2007 and ended on December 20, 2007. The shares got listed on BSE on January 14, 2008.

Porwal Auto IPO price band is set at ₹68 to ₹75 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Keynote Financial Services Ltd is the book running lead manager of the Porwal Auto IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Porwal Auto IPO RHP for detailed information.

Porwal Auto IPO Details

IPO Date December 17, 2007 to December 20, 2007
Listing Date January 14, 2008
Face Value ₹10 per share
Price Band ₹68 to ₹75 per share
Lot Size 80 Shares
Total Issue Size5,000,000 shares
(aggregating up to ₹37.50 Cr)
Issue Type Book Built Issue IPO
Listing At BSE

Porwal Auto IPO Lot Size

Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 80 ₹6,000
Retail (Max) 33 2640 ₹198,000
Lot Size Calculator

About Porwal Auto Components Limited

Incorporated in 1992, Porwal Auto Components Limited manufactures and sells SG and CI castings for the automobile sector for Commercial Vehicles. The manufacturing plant of the company is situated at Pithampur 30 Kms. away from Indore.

Porwal Auto Components Limited manufacturers around 12 different categories of castings such as SG Iron & Grey Iron Hubs, Different carriers and cases, bracketory components, Transmission cases, T G cases, Housings & cover components, Brake Drums, Links components, Pulleys, Pump parts, Exhaust manifolds and Bends.

Porwal's client list includes companies like Eicher Motors Ltd, Man Force Trucks Pvt. Ltd, L & T Case Equipment Ltd, Force Motors Ltd, Eicher Tractors Ltd, Tata Autocomp Systems Ltd, Brakes India Ltd, Gajra Gears Ltd, Shakti Pumps India Ltd, Diesel Components Works.

Objects of the Issue (Porwal Auto IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To augment the current ongoing expansion of its manufacturing capacity of the CI and SG castings from 6600 MT per annum to 27600 MT per annum;
2. Setting up of one Wind Mill, having Power generation capacity of 1.5 MW which would be used for captive consumption;
3. To meet the expenses of the Issue;
4. To list the equity shares at the Bombay Stock Exchange;
5. To meet the long term working capital requirements of the Company.


Porwal Auto IPO Subscription Status (Bidding Detail)

The Porwal Auto IPO is subscribed 1.03 times on December 20, 2007 5:00:00 PM. The public issue subscribed 2.44 times in the retail category, 0.21 times in the QIB category, and 0.48 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

IPO Notices

External Link

Note:

The Equity Shares offered through this public issue will be listed on Bombay Stock Exchange of India (BSE), Designated Stock Exchange and Over the Counter Exchange of India.
Investors are requested to note that that bids also can be registered through on-line facilities on National Stock Exchange of India Limited (NSE) along with that of BSE.

Porwal Auto IPO Prospectus

Porwal Auto IPO Rating

171
2.3
Rating:Rated 2.3 stars
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Porwal Auto IPO Listing Details

Listing Date January 14, 2008
BSE Script Code 532933
NSE Symbol
ISIN INE386I01018
Final Issue Price ₹75 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹75.00
₹79.85
₹76.00
₹120.00
₹79.65

Check IPO Performance…

Porwal Auto Components Limited Contact Details

Porwal Auto Components Limited
Kanti Mansion,
6-Murai Mohalla,
Indore 452001 Madhya Pradesh, India
Phone: +91-0731-4051704
Email: admin@porwalauto.com
Website: http://www.porwalauto.com

Porwal Auto IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: pacl-fpo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

Porwal Auto IPO - Buy or Not

Porwal Auto IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 1 3
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Porwal Auto IPO FAQs

Porwal Auto IPO is a main-board IPO of 5,000,000 equity shares of the face value of ₹10 aggregating up to ₹37.50 Crores. The issue is priced at ₹68 to ₹75 per share. The minimum order quantity is 80 Shares.

The IPO opens on December 17, 2007, and closes on December 20, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Porwal Auto IPO opens on December 17, 2007 and closes on December 20, 2007.

Porwal Auto IPO lot size is 80 Shares, and the minimum amount required is ₹6,000.

You can apply in Porwal Auto IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Porwal Auto IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Porwal Auto IPO allotment status.

The Porwal Auto IPO listing date is on January 14, 2008.
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Porwal Auto IPO Message Board

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94 Comments

94. SANJAY BHATIYA |   Link |  Bookmark |August 6, 2008 2:05:36 PM
HI CAN I BUY THIS STOCK AT THIS LEVEL RS. 21
93. Rafay Ansari |   Link |  Bookmark |February 10, 2008 1:09:42 AM
purchase a share of @95 rupees when it will come to that rate
92. NIKHIL SHARMA |   Link |  Bookmark |January 15, 2008 11:21:10 AM
THANKGOD,I SELL @92,1200 800 SHARES,TDY IS 68,
91. Amar |   Link |  Bookmark |January 15, 2008 10:24:41 AM
i told, apani hesiyat batane laga aaj se........68 today
90. Pg |   Link |  Bookmark |January 15, 2008 9:30:23 AM
Thankx vikram. I should have gone through the RHP. But In this page it was showing listing at NSE, BSE. After I posted my message Chottorgarh team chaned it to BSE. It was an inadvertent mistake.
89. Imran |   Link |  Bookmark |January 15, 2008 1:22:16 AM
I told you ! I am holding this shares.
88. Amitbhaiya |   Link |  Bookmark |January 14, 2008 10:34:00 PM
i have said that this share will open 100+(80and81)
sorry,itgone above 100.
further iam saying that this is fundamentaly very strong.
hold it buy it at this rate.
87. Vikram |   Link |  Bookmark |January 14, 2008 8:16:40 PM
As per RHP this stock is only suppose to be listed at BSE even though bidding was allow to post though NSE. Please check the RHP again.
86. Pg |   Link |  Bookmark |January 14, 2008 2:05:07 PM
Can anybody tell why this was not listed on NSE today?
85. Vikram Singh |   Link |  Bookmark |January 14, 2008 10:02:59 AM
Sock listed on BSE on 120/- and currently trading at 90/-
84. Pg |   Link |  Bookmark |January 14, 2008 9:52:19 AM
hey, this is not listing today. no information on NSE website. No Listing today, chittorgarh team please confirm
83. alpha trader |   Link |  Bookmark |January 14, 2008 1:46:14 AM
i will buy ths porwal auto for 50% profits,fr stlp of 69
82. tc |   Link |  Bookmark |January 13, 2008 10:43:09 PM
This stock will go down 40-50% pucca.
seel it immediatley if it opens at 60 rs this stock will close at 40 rs
81. ANIL SHAH |   Link |  Bookmark |January 13, 2008 9:09:45 PM
WILL BUY porwal FOR MOMENTUM TOMM MAY GET 60% RETURN ON INTRADAY,TKE a risk of 10%,
80. amit |   Link |  Bookmark |January 13, 2008 12:12:10 AM
Hi ! Frins,this stock is fundamentaly very strong.It will open
100+.
79. amit |   Link |  Bookmark |January 13, 2008 12:09:50 AM
Hi ! Frins,this stock is fundamentaly very strong.It will open
100+.
78. rama |   Link |  Bookmark |January 12, 2008 6:36:55 PM
Atleast dont buy this scrip on listing day.. Better wait and watch. Then we can buy at corect price after a month. Becz on listing day price and can go anywhere due to speculation.. this is my view.
77. hari |   Link |  Bookmark |January 11, 2008 9:03:51 PM
hardeep baiya,
pochiraju industry, SCL manufacturing, etc were firm allotment not listing morethan 100-300 %. Powal has good funtamental and will go Rs. 150 on listing
76. hardeep |   Link |  Bookmark |January 11, 2008 7:42:49 PM
As per record avery one got the shere in allotment who has filled the IPO then how will listed at 100%or 200%
75. Amar |   Link |  Bookmark |January 11, 2008 5:41:15 PM
Noone were intersted ( except some stpd) at 75 rs ..........if price go up than only some parties intersted in speculation......than will touch at 45......

I THINK THIS SCRIPT IS ALREADY IN BELOW LIST, BUT WAIT UNTILL MONDAY LISTING CAZ, HEARD THAT SOME PARTIES INTERSETED TO TRAP MORE PPL....SO CAN TRY TO TOUCH 90 +

STAY AWAY........BEST BUY AT 45 RS ONLY

Another cheater Group......Precision down 9% ( loss 18 Rs )

In line with Mankasia....down 11% ( loss 18 rs )

Brigade............down 12% ( loss 50 rs )

Renaissance .......down 9% ( loss 15 rs )

Empee Dist..........down 22% ( loss 91 Rs )

Rathi bars ........down 9% ..( loss 3 rs )

Even at 20827 Index ......out of last 15 IPO's .6 ipo's are in
RED.......BE CAUTIOUS WITH CHEATERs

2007 almost 40% IPO's are in RED.....

Making their pockets full & never worried about innocent investors...135 issues going to come & 40% will be like this so be careful

MORE CHEATERS ARE EXPECTED IN 2008 so BE CAREFUL FRIENDS< ITS HARD EARNED MONEY

Even be careful with some dear friends who posts msg here on as company agents & misguide new comers....( They always advise long term Very good buy...........lol )